It is time for a new, digital approach that transitions manual invoice processing to streamlined invoice management. Running digital results in short approval cycles helps vendors get paid sooner, while collecting important statistics that help continuously optimize the process, identify bottlenecks and simplify operations. By processing vendor invoices quickly, accurately and efficiently, organizations can enhance worker productivity, cash flow and vendor relations.
OpenText™ Vendor Invoice Management for SAP® Solutions (VIM) optimizes and simplifies the process of receiving, managing, routing and monitoring invoices and related documentation. Stakeholders involved in any invoice problem quickly and efficiently access invoice information, such as relevant PO number, status of invoice payments and more.
Take advantage of conversational AI to simplify invoice approvals, provide a collaboration hub and ensure decisions are well documented.
With Vendor Invoice Management for SAP Solutions, invoices are routed automatically to the right person for resolution, approval and payment. Managers can review and approve invoices using the modern SAP Fiori user experience. Vendor Invoice Management for SAP Solutions also processes order confirmations and delivery notes to further prevent invoice problems, supporting any input channel, whether digital or analog.
OpenText™ Intelligent Capture for SAP® Solutions is an optional add on that supports the capture of paper-based invoices, which are turned into digital information for use within VIM. Based on 30 years of experience, a sophisticated knowledge base and machine learning algorithms, Intelligent Capture for SAP uses the most advanced document and character recognition capabilities available to extract header and line item details with high precision. In situations where certain fields are not found, a simple point and click training solvethe issue. The deep integration into SAP fully automates the data extraction and eliminates manual keying.
With Vendor Invoice Management, organizations can: